1-bedroom flat · PO4 9XP
For saleListed 204 days
Opportunity summary
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About
This unique one bedroom apartment situated within situated within the picturesque grounds of Marine Gate, a former Royal Marine barracks, now an exclusive residential development.
The Colonnades is a Grade II listed building with striking elevations of red brick, the namesake arches and tall sash windows.
The apartment is benefits from a large terrace which directly overlooks the communal grounds and enjoys views of the Solent.
Measuring over 11m x 4m, the terrace has ample space for those looking for the convenience and security of an apartment without compromising on outside space.
The apartment itself if bright and airy, and has an accommodation comprising: entrance hall with storage, a dual aspect living room with ample space for dining, a fitted kitchen, bathroom and a double bedroom.
Sold with the remainder of a 999 year lease, a Share of the Freehold and no forward chain.
ENTRANCE HALL: Smooth and coved ceiling, sash window, storage cupboards, radiator, intercom entry system, and doors into; LIVING ROOM: Smooth and coved ceiling, dual aspect sash window, door to balcony, radiators and fitted carpet.
KITCHEN: Smooth and coved ceiling, sash window, wall mounted boiler, a range of wall and base mounted units with roll top work surfaces over, inset sink and drainer, tiled splash back, gas hob and oven with extractor fan over, space for appliances and tiled flooring.
BEDROOM: Smooth and coved ceiling, sash window, radiator and fitted carpet BATHROOM: Smooth and coved ceiling, extractor fan, panelled bath with shower over, tiled splash back, low level W.C, radiator and vinyl flooring BALCONY: Overlooking the communal grounds of the estate and with views of the Solent, approx.
11.40m x 4.34m terrace with railings. OUTSIDE: Residents parking area, communal grounds including tennis courts for use of residents.
LEASEHOLD INFORMATION: Lease Commenced: 29th September 1994 Lease Term: 999 years Lease Term Remaining: 967 years Service/Maintenance: £2,299.67 per annum COUNCIL TAX Portsmouth City Council TAX BAND D £2,075.45 for the year 2024/2025.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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